--- title: "Meaning & Key Takeaway of: We do not have a crisis at Freddie Mac…" description: "\"We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines.\" — Maxine Waters" image: "https://sms4smile.com/quotes/i/8d2/maxine-waters-3448_crisis_we-do-not-have-a-crisis-at-freddie-mac-a_2701628.png" --- # We do not have a crisis at Freddie Mac, and particularly… ![“We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines.” quote by Maxine Waters](https://sms4smile.com/quotes/i/8d2/maxine-waters-3448_crisis_we-do-not-have-a-crisis-at-freddie-mac-a_2701628.png) [Download](https://sms4smile.com/quotes/i/8d2/maxine-waters-3448_crisis_we-do-not-have-a-crisis-at-freddie-mac-a_2701628.png) [Open image](https://sms4smile.com/quotes/i/8d2/maxine-waters-3448_crisis_we-do-not-have-a-crisis-at-freddie-mac-a_2701628.png) > “We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines.” [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. She asserts that Freddie Mac and Fannie Mae are stable under Frank Raines' leadership, denying any crisis. **In simple terms:** No crisis at the agencies. Key Takeaway Recognize leadership stability. Themes finance leadership policy housing regulation Mood defensive assertive Type political public When to use this quote - housing market analysis - policy review - leadership assessment Key Concepts risk management public perception agency governance Questions to Reflect On - Are there hidden vulnerabilities in the mortgage market? - How does leadership affect public trust? A Different Perspective Overlooks systemic risks. ★ ★ ★ ★ ★ No ratings yet [Crisis](https://sms4smile.com/quotes/about/crisis/) [Leadership](https://sms4smile.com/quotes/about/leadership/) [Outstanding leadership](https://sms4smile.com/quotes/about/outstanding-leadership/) ## Related quotes > [These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more…](https://sms4smile.com/quotes/barney-frank/these-two-entities-fannie-mae-and-freddie-mac-are-not-facing-any-kind/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie…](https://sms4smile.com/quotes/mark-zandi/there-is-plenty-of-blame-to-go-around-for-the-u-s-housing-bubble-but/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we…](https://sms4smile.com/quotes/carly-fiorina/fannie-mae-and-freddie-mac-two-bloated-and-corrupt-government/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but…](https://sms4smile.com/quotes/peter-lynch/when-you-start-to-confuse-freddie-mac-sallie-mae-and-fannie-mae-with/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of…](https://sms4smile.com/quotes/j-c-watts/well-mark-i-led-the-charge-for-five-or-six-years-to-get-reforms-for/) [J. C. Watts](https://sms4smile.com/quotes/author/j-c-watts/) > [These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,](https://sms4smile.com/quotes/barney-frank/these-two-entities-fannie-mae-and-freddie-mac-are-not-facing-any-kind-2/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [“For that purpose, partly as the result of Ranieri’s persistent lobbying, two new facilities had sprung up in the federal government alongside Ginnie Mae.…](https://sms4smile.com/quotes/michael-lewis/for-that-purpose-partly-as-the-result-of-ranieri-s-persistent/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted.](https://sms4smile.com/quotes/bethany-mclean/fixing-fannie-mae-and-freddie-mac-in-isolation-without-looking-at-the/) [Bethany McLean](https://sms4smile.com/quotes/author/bethany-mclean/) > [Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and…](https://sms4smile.com/quotes/alex-berenson/although-not-well-known-outside-wall-street-freddie-mac-and-its/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Congress created Fannie Mae in 1938 and Freddie Mac in 1970. For many years, these institutions prudently pursued their core mission of enhancing the…](https://sms4smile.com/quotes/jerome-powell/congress-created-fannie-mae-in-1938-and-freddie-mac-in-1970-for-many/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt.](https://sms4smile.com/quotes/john-thune/freddie-mac-and-fannie-mae-although-they-re-not-officially-debt-of/) [John Thune](https://sms4smile.com/quotes/author/john-thune/) > [The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest…](https://sms4smile.com/quotes/nassim-nicholas-taleb/the-government-sponsored-institution-fannie-mae-when-i-look-at-its/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to…](https://sms4smile.com/quotes/gary-h-stern/re-gses-like-freddie-mac-fannie-mae-creditors-will-continue-to/) Gary H. Stern > [And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in…](https://sms4smile.com/quotes/franklin-raines/and-so-fannie-mae-produces-very-strong-results-for-investors-in-when/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the…](https://sms4smile.com/quotes/walter-e-williams/one-third-of-the-15-trillion-of-mortgages-in-existence-in-2008-are/) [Walter E. Williams](https://sms4smile.com/quotes/author/walter-e-williams/) ## More by Maxine Waters > [I was very impressed with that that women have come here to say that we're going to fight you, Donald Trump.](https://sms4smile.com/quotes/maxine-waters/i-was-very-impressed-with-that-that-women-have-come-here-to-say-that/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [President Trump basically has interfered with an investigation where he may be implicated. That's outrageous. And that's why we're having so much of a…](https://sms4smile.com/quotes/maxine-waters/president-trump-basically-has-interfered-with-an-investigation-where/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [As you know in this committee, we have all of HUD, and HUD is responsible for so many programs that determine the quality of…](https://sms4smile.com/quotes/maxine-waters/as-you-know-in-this-committee-we-have-all-of-hud-and-hud-is/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [You cannot be successful and continue to be a victim.](https://sms4smile.com/quotes/maxine-waters/you-cannot-be-successful-and-continue-to-be-a-victim/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.](https://sms4smile.com/quotes/maxine-waters/i-have-been-working-hard-trying-to-implement-dodd-frank-reforms-we/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [It's very important that people who are feeling the need to do something... get activated.](https://sms4smile.com/quotes/maxine-waters/it-s-very-important-that-people-who-are-feeling-the-need-to-do/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [The women's movement was just coming into being, and I got involved with Gloria Steinem and Bella Abzug and all these great women. We…](https://sms4smile.com/quotes/maxine-waters/the-women-s-movement-was-just-coming-into-being-and-i-got-involved/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [It's time for the bully pulpit of the White House to bring the gangstas in, put them around the table and let them know…](https://sms4smile.com/quotes/maxine-waters/it-s-time-for-the-bully-pulpit-of-the-white-house-to-bring-the/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [Policy, for the most part, has been made by white people in America, not by people of color. And they have tended to take…](https://sms4smile.com/quotes/maxine-waters/policy-for-the-most-part-has-been-made-by-white-people-in-america-not/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [If China is not going to solve North Korea, we will.](https://sms4smile.com/quotes/maxine-waters/if-china-is-not-going-to-solve-north-korea-we-will/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [ \[Rex Tillerson\] is gonna continue to work on \[sanctions lifting\]. This is important for him. He was there \[in White House\] because he negotiated… ](https://sms4smile.com/quotes/maxine-waters/rex-tillerson-is-gonna-continue-to-work-on-sanctions-lifting-this-is/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [I could not remove myself from this debate about Trump. I could not abide his indecency. I could not live with the way he…](https://sms4smile.com/quotes/maxine-waters/i-could-not-remove-myself-from-this-debate-about-trump-i-could-not/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [There's a history of enslaved African-Americans having to make their slave masters comfortable. This business of what we call skinning and grinning - that…](https://sms4smile.com/quotes/maxine-waters/there-s-a-history-of-enslaved-african-americans-having-to-make-their/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [ We know who you are \[ Donald Trump\] and what you said you will do. And we don't want the public policy that you… ](https://sms4smile.com/quotes/maxine-waters/we-know-who-you-are-donald-trump-and-what-you-said-you-will-do-and-we/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [Take a look at the way that Trump has described some of the foreign countries that we deal with - some that are allies…](https://sms4smile.com/quotes/maxine-waters/take-a-look-at-the-way-that-trump-has-described-some-of-the-foreign/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) [Explore all 130 Maxine Waters quotes ](https://sms4smile.com/quotes/author/maxine-waters/) ## More Crisis quotes > [People in great groups have blinders on. Their work is all they see. They value failures as learning opportunities. They are optimistic, not realistic,…](https://sms4smile.com/quotes/warren-g-bennis/people-in-great-groups-have-blinders-on-their-work-is-all-they-see/) [Warren G. 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